Vietnam reaking news

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HCM City metro projects short on capital

The two urban railway projects Ben Thanh-Suoi Tien and Ben Thanh-Tham Luong are confronted with a shortage of capital.

Vietnam’s economy to grow at 6.5 percent in 2017: ADB

 Vietnam’s economy will grow at 6.5 percent in 2017 and expand to 6.7 percent in 2018, according to the Asian Development Bank (ADB)’s “Asian Development Outlook 2017” report.

Coffee industry in Vietnam turns bitter

 Nationwide coffee exports for 2017 are expected to fall 30% in volume with revenue climbing to US$3.35 billion, said Do Ha Nam, vice chair of Vietnam Coffee and Cacao Association recently.

Number of multi-level marketing businesses drop to half

 The number of multi-level marketing businesses has halved to 37 by end of March, following Government crackdown over the past two years to ensure that they are operating correctly.

Mizuho to establish US$252 million fund, eyes VN

 Mizuho Financial Group will set up an US$252 million (28 billion Japanese yen) investment fund early this summer to invest in small- and medium-sized companies in Southeast Asia, Nikkei reported.

Stocks set to rise on first quarter hopes

 Shares will continue to rise this week as investor sentiment remains positive, analysts say, driven by expectations that good earnings reports will be released in the “shareholder meeting season.”

Saigon Tourist to auction stakes in loss-making Jetstar airline

State-owned tour developer Saigon Tourist will auction its entire holding of almost 363,800 shares of Jetstar Pacific this month, an amount equivalent to 1.14 per cent of the budget airline’s capital.

VN leather and footwear exports could reach $26 billion by 2020

 Vietnam is targeting to earn between US$24 billion to $26 billion from leather and footwear exports by 2020 under a revised plan for leather and footwear industry development until 2025 with a vision to 2035.

Airfare rules to stay, says Transport Minister

 The Transport Ministry has no plan to change the current regulations on airfares, Minister Truong Quang Nghia has confirmed.

Smooth export breeze for wind towers made in Vietnam

 In a remarkable turnaround for the company, wind towers produced by CS Wind Vietnam can now be freely exported to the US market without fear of anti-dumping duties.

Vietnam's farm firms seek high-tech

 As the Southeast Asian country is looking to boost a high-tech agriculture, firms are looking for modern technologies in the world to apply in farming production.

Vietnam develops logistics services for exports

 Logistics services play an important role in connecting transportation and socio-economic development.

Transforming auto assembly to component manufacturing

 Despite all the fanfare in the local media about the growing consumer demand for autos in Vietnam, domestic assembly of vehicles has always lagged far behind the country’s Southeast Asian peers.

Vietnam growth deficient in quality

 The number of new enterprises established in the country has gone up and the inflow of foreign direct investment into the country has increased, but the quality of national growth remains unaffected or diminished.

VN real estate MA growth continues

 The number of mergers and acquisitions (M&A) in Vietnam’s real estate market will continue growing this year and beyond, according to Savills Vietnam.

HCM City rental market continues slump

 Many investors in HCM City are struggling to rent their apartments as the market continues its tepid streak that began in early 2016, according to the Dau Tu (Vietnam Investment Review) newspaper.

VND0 takeover or bankruptcy?

Acquiring weak banks at VND0 is adopted on the draft law on supporting the restructuring of credit institutions and non-performing loan settlement. However, buying at the price of VND0 or letting poorly performing banks go bankrupt remains a dilemma.

Vietnamese stock market attracts foreign investors

 The Vietnamese stock market has reached nine year peak with the strong purchase from foreign sector, who has posted the net purchase of VND3,478 billion (US$153 million) on two bourses in the first quarter.

$778mn invested in green energy projects in Vietnam

 Of the 110 foreign direct investment (FDI) projects Vietnam has attracted in the field of electricity and gas production, 16 are in green energy, with total registered capital of $778 million.

Solutions discussed to have 500,000 enterprises by 2020

 In order for HCM City to have 500,000 enterprises by 2020, departments, agencies and districts must have specific solutions to support and encourage business households to transform themselves into enterprises.